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On September 14, 2011, the Congressional Judicial Committee held a hearing on the future of the EB-5 Investor Visa Program. The hearing topic was "The Investor Visa Program: Key to Creating American Jobs."
An opening statement by the Chairman of the Committee, Lamar Smith, highlighted the responsibility of Congress to create jobs and how the EB-5 program, particularly the regional centers, can play a key part in achieving this goal.
Congressman Smith emphasized that the regional center program has created an estimated 65,000 jobs and attracted over $3 billion dollars in investment funds to the U.S. In difficult economic times, he emphasized, state and local governments can look to regional centers as partners in generating economic growth.
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